Is Henderson, TN 38340 a buyer’s or seller’s market?
Henderson is a seller’s market. With about 3.5 months of supply and 6% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 28% of U.S. ZIP codes, and #134 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Henderson housing market right now
In the three months ending August 31, 2026, 6% of homes in Henderson, TN 38340 sold above their list price, the typical home went under contract in 25 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 33 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 11%, homes sold faster (45 days then) and the median sale price rose 20% to $282,328. Overall, Henderson is about as competitive as it was a year ago.
On our competition score, Henderson ranks #134 of 299 TN ZIP codes with enough sales (score 31 out of 100).
Nearby, buyers who want less competition could look at Luray 38352 (0% sold over asking) or Enville 38332 (0% sold over asking).
Run the numbers for 38340
Nearby markets
Enville 38332Buyer’s market $167 /sq ftJacks Creek 38347 — /sq ftLuray 38352Seller’s market $118 /sq ft Browse all markets →Towns like Henderson nearby
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Questions about Henderson real estate
Is Henderson a buyer’s or seller’s market?
A seller’s market: there were 3.5 months of supply in Henderson, TN 38340 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Henderson?
The typical home went under contract in 25 days in the latest three months.
Do homes in Henderson sell over asking?
6% of homes sold above their original list price, and the typical sale closed at 96.2% of the list price.
What are property taxes in Henderson?
About 0.52% of a home’s value a year in Chester County, or roughly $2,080 on a $400,000 home.
What is the median home price in Henderson?
The median sale price was $282,328 in the three months ending August 31, 2026, about $165 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology